766,168 Shares in Wheels Up Experience Inc. (NYSE:UP) Acquired by First Trust Advisors LP

First Trust Advisors LP purchased a new stake in Wheels Up Experience Inc. (NYSE:UP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 766,168 shares of the company's stock, valued at approximately $1,264,000. First Trust Advisors LP owned about 0.11% of Wheels Up Experience as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Wheels Up Experience by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company's stock valued at $3,266,000 after acquiring an additional 13,372 shares in the last quarter. Corient Private Wealth LLC bought a new position in shares of Wheels Up Experience during the fourth quarter worth approximately $339,000. Barclays PLC raised its position in shares of Wheels Up Experience by 11.0% in the fourth quarter. Barclays PLC now owns 142,056 shares of the company's stock valued at $234,000 after buying an additional 14,117 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Wheels Up Experience by 48,303.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 75,025 shares of the company's stock worth $119,000 after buying an additional 74,870 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Wheels Up Experience during the 4th quarter worth $115,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

Wheels Up Experience Stock Performance

Shares of NYSE UP traded down $0.04 during mid-day trading on Friday, reaching $1.43. The company had a trading volume of 959,683 shares, compared to its average volume of 1,059,620. The firm has a market cap of $999.27 million, a price-to-earnings ratio of -2.86 and a beta of 2.35. The business's 50-day simple moving average is $1.00 and its 200 day simple moving average is $1.53. Wheels Up Experience Inc. has a one year low of $0.74 and a one year high of $4.59.

Wheels Up Experience (NYSE:UP - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.11) earnings per share for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%. The business had revenue of $177.53 million for the quarter.

Insider Buying and Selling

In other Wheels Up Experience news, CEO of Air Partner Mark Briffa sold 28,717 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1.06, for a total transaction of $30,440.02. Following the sale, the insider now owns 1,090,971 shares of the company's stock, valued at approximately $1,156,429.26. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

About Wheels Up Experience

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.